New Credit Fund to Link USDT to SME and Consumer Loans in Over 60 Countries

Tether and Fasanara Capital have committed $400 million to StableFund, a private credit fund linked to USDT.

StableFund aims to direct this capital to SME and consumer loans via fintech lending platforms worldwide. According to the companies’ statement on Wednesday, the fund also aims to raise up to $3 billion in additional capital from third-party institutional investors in the future.

Fasanara Capital will serve as the fund’s investment manager. The London-based company will allocate the capital to short-term and asset-backed lending strategies. The distribution process will be conducted through a fintech lending network operating in more than 60 countries.

USDT to be linked to fintech loans

Tether will identify USDT-linked financing opportunities and provide advisory services to StableFund. Additionally, it will provide the fund’s stablecoin-based settlement infrastructure.

This infrastructure will include treasury transfer channels along with on-ramp and off-ramp connections. Thus, StableFund plans to use cross-border settlement processes for lending transactions in different countries.

The structure will integrate USDT into the SME and consumer loan flows of fintech platforms in more than 60 countries. Fasanara has over $6 billion in assets under management. The company’s investments include SME loans, consumer finance, trade receivables, and supply chain finance.